VANCOUVER, November 15, 2011 - BioteQ Environmental
Technologies, Inc. has secured a contract from an international
mining customer to provide detailed design and engineering services
for a planned 1,800 cubic meter per hour water treatment system.
Under the terms of the contract, valued at approximately CDN$1.4
million, work will commence immediately and will conclude in
approximately six months.
Jonathan Wilkinson, BioteQ's Chief Executive Officer stated,
'BioteQ has worked with this customer on this particular project
since 2008 to design a multi-stage water treatment system for a
proposed new mine.'
'This new contract represents the third stage of work on the
project and is focused on providing detailed capital and operating
cost estimates that will enable the customer to make a final
investment decision about the water treatment plant,' he
added.
The project has now moved to an advanced stage of
development.
'This new contract is a reflection of the strength and growing
maturity of BioteQ's commercial pipeline and represents a
significant step forward for the Company,' says Wilkinson.
BioteQ creates custom water treatment solutions to recover
dissolved metals and remove sulphate from water impacted by mining,
energy and industrial activities.
The company's clean technologies convert
wastewater into a useful resource while delivering lower life cycle costs for water treatment.
BioteQ has designed and built 14 plants at sites in Canada, the US,
Mexico, Australia and China, with additional projects in
development.
BioteQ's sustainable water treatment solutions have been
recognized with national and international awards for innovation
and sustainability. BioteQ is headquartered in Vancouver, Canada,
and trades on the TSX under the symbol BQE. For additional
information, please visit our website at http://www.bioteq.ca/.